CITIC Securities gets green light for CNY 30bn bond issuance

CITIC Securities (SSE:600030) announced that it has received approval from the China Securities Regulatory Commission (CSRC) to proceed with the public issuance of perpetual subordinated corporate bonds to professional investors. The "Approval for the Registration of the Public Issuance of Perpetual Subordinated Corporate Bonds to Professional Investors by CITIC Securities Co., Ltd." (Zheng Jian Xu Ke [2025] No. 1332) permits the firm to issue bonds with a total face value not exceeding CNY 30 billion. The approval is valid for 24 months from the date of registration, during which the company may issue the bonds in tranches. CITIC Securities' board of directors and management will implement the issuance of these bonds in accordance with relevant laws, regulations, and the requirements of the CSRC, as authorized by the company's 2023 annual general meeting of shareholders.